CoinDCX Announces ₹111 Crore ESOP Buyback, Covering Over 500 Employees

Indian cryptocurrency exchange CoinDCX has unveiled a ₹111 crore Employee Stock Ownership Plan (ESOP) buyback initiative, extending the offer to more than 500 current and former employees.

ESOP Buyback Objective

The buyback aims to provide liquidity to team members who hold stock options, allowing them to convert their equity into realised financial gains. Notably, the company has included former employees in the program, acknowledging their role in building and scaling the platform.

Sumit Gupta, Co-founder of CoinDCX, stated that the initiative is designed to deliver tangible value to employees while reinforcing the company’s ownership-led culture. He emphasised that empowering employees through shared ownership remains central to CoinDCX’s long-term vision.

The ₹111 crore ESOP buyback stands out as one of the largest liquidity events undertaken by a cryptocurrency exchange in India. Industry analysts note that such programs not only enhance employee retention but also reward long-term commitment with meaningful financial returns.

About CoinDCX

Established in 2018 in Mumbai, CoinDCX has grown rapidly, amassing over 2 crore users across India and the UAE. The company has also strengthened its international footprint through the acquisition of Dubai-based BitOasis in the MENA region, which subsequently expanded into Bahrain in 2025.

CoinDCX operates under the DCX Group umbrella, which includes multiple entities across India and global markets, spanning Web3 initiatives and digital wallet solutions. The group is supported by prominent global investors, including Pantera, Steadview Capital, Polychain Capital, B Capital Group, Bain Capital Ventures, and Coinbase Ventures.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.